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TAKEAWAYS KEY
- The European Union announced a countermeasure to other levies that President Donald Trump imposed.
- In a posting on his Truth Social page, Trump said that he will impose the tariffs on whisky if Europe implements a tax.
- Canada and the European Union responded with retaliatory measures Wednesday, when 25% tariffs were implemented on all imports of steel and aluminum into the United States.
The European Union announced that it would countermeasures against other tariffs imposed by President Donald Trump.
In a posting on his Truth Social page, Trump said that he will impose the tariffs on whisky if Europe implements a tax.
“If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. Trump wrote in his Thursday morning post that he would only represent countries that are represented by the U.S. “This will be fantastic for the Wine and Champagne industries in the U.S.”
You can also find out more about the following: European Commission, the EU’s enforcement arm, said Wednesday that it was imposing tariffs starting April 1 that would apply to U.S. goods worth up to 26 billion euros ($28.4 billion) and cover a range of products—including boats, bourbon, and motorbikes. The tariffs announced by Canada and the European Commission came on Wednesday, when Trump’s tariffs on steel and aluminum went into effect.
